dividend
confidence high
sentiment positive
materiality 0.55
TrustCo raises quarterly dividend 5.3% to $0.40/share; payable Oct 1
TRUSTCO BANK CORP N Y
- Board declared quarterly cash dividend of $0.40 per share, up 5.3% from prior amount.
- Annualized dividend is $1.60 per share; payable Oct 1, 2026 to holders of record Sept 4, 2026.
- CEO Robert J. McCormick cites solid earnings, strong capital, and ongoing repurchase program.
- Dividend increase follows two years of share-price growth; aims to boost yield and market cap.